Posted onJune 19, 2017

Wiseguyreports.Com Adds “Solar Panels -Market Demand, Growth, Opportunities and Analysis of Top Key Player Forecast To 2022” To Its Research Database

According to Stratistics MRC, the Global Solar Panels market is expected to grow from $XX million in 2016 to reach $XX million by 2022 with a CAGR of XX. Some of the factors propelling the market growth are raising demand for solar panels in residential rooftop applications, low prices of polysilicone and silver usage in manufacturing of solar cells. On the other hand, high costs of solar technologies and irregular weather conditions are hampering the market growth.

By technology, residential segment has acquired largest market share during the forecast period. The growth of this segment is contributed to the increasing consumption of solar panels to cover residential rooftops. North America is projected to be the leading markets in terms of market size, during the forecast period and Asia-Pacific is witnessed to be the fastest growing market. The growth of solar panels is increasing as these panels consume sun’s rays and helps in generating electricity.